In this Article you will get to konw about hot localities of Thane. There are many options available when it comes to flats for sale in Ghodbunder Road or other localities of Thane.
Thane has always been a homeowner’s paradise, going by the exciting mix of properties on offer here. There are several options available when it comes to flats for sale in Ghodbunder Road, Thane and various other localities. Thane has always been the best possible solution for potential home buyers in the middle income group. The area has seen the development of close to 50 residential projects in recent times. The entire district has rapidly developed in the last few years with connectivity and infrastructural improvements galore. Earlier, Thane was perceived as one of Mumbai’s extended suburbs. However, the district now has its own relevance and identity courtesy lower traffic congestion, better social infrastructure, lower living costs, abundant natural greenery and water bodies. There are approximately 20, 000 more residential apartments to be constructed in the area in the near future courtesy leading developers.
Places like Ghodbunder Road, Badlapur, Ambernath and Dombivali have witnessed a magical transformation in terms of residential realty development. A large chunk of projects being developed in Thane also cover areas like Waghbil, Kolshet Road, Waghle Industrial Estate and Pokhran Road among others. A big chunk of projects are slated to come up on Ghodbunder Road which is clearly one of the hottest destinations in the district in recent times. Finding flats for sale in Ghodbunder Road, Thane is quite easy now with multiple options spread across several categories. Leading developers like the Hiranandani Group, Runwal Group and Lodha Group are constructing several premium projects on Ghodbunder Road, thereby scaling up the appeal of this locality as a residential destination.
Thane is always perceived as an affordable residential destination and 1, 2 and 3 BHK apartments are available in the district at prices between INR 20 and 40 lakhs while there are 2, 3 and 4 BHK units that are offered at price segments like INR 40-80 lakhs and INR 80 lakhs-1.5 crore on an average. Villa prices go above INR 1.5 crore but these properties are not always offered to buyers in the Thane market. Multiple residential properties are available in Thane and demand levels have been more than satisfying for developers. However, Thane has been steadily facing competition from Navi Mumbai in recent months. A price correction is expected in both areas before new residential units are made available for sale. That should be good news for property buyers here as well.
The Thane market has also witnessed a steady increase in the supply of residential units costing between INR 1 and 1.25 crore on an average. The demand and supply gap is yet to be fully bridged in Thane as skyrocketing housing demand far outstrips overall supply of residential properties in the market. Appreciation of capital values is now a thing of the past with impending price corrections on the anvil and this may well boost the market strongly in Thane over the next few months as soon as developers launch the updated prices of properties. This does make for a good time to invest in real estate in Thane.
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